| Title: | Topics of Interest to Women |
| Notice: | V3 is closed. TURRIS::WOMANNOTES-V5 is open. |
| Moderator: | REGENT::BROOMHEAD |
| Created: | Thu Jan 30 1986 |
| Last Modified: | Fri Jun 30 1995 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1078 |
| Total number of notes: | 52352 |
I guess I don't know much about investing.
Last night I was talking to someone, and saying this is a good time to
buy Digital stock, and he said, yeh, but how about Staples? And I said
maybe I'd buy 10 or so shares of Staples, and he said it was impossible
to buy a small amount of stock without paying, at minimum, $35 per
transaction, so buying a small amount was not worth it.
Is this true? Is it really $35 at minimum (and apparently more at
times) to buy/sell small amounts of stock?
Briana
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 600.1 | SA1794::CHARBONND | Fred was right - YABBADABBADOOO! | Thu Dec 27 1990 15:36 | 3 | |
try asking in SUBWAY::INVESTING
ADD ENTRY or KP7
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| 600.2 | standard disclaimer | DECWET::JWHITE | bless us every one | Thu Dec 27 1990 15:38 | 12 |
this is basically correct. there is usually a minimum commission
charge, anywhere from $35-100. similarly, there is usually a
commission 'break' for dealing in larger units, usually 100 shares,
though sometimes more.
as for it not being worth it, it depends on how much you think
the stock will go up. i recently purchased a few shares of digital
stock on my own (i.e. not espp) because i believe the price will
go up enough to offset the commission hit.
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| 600.3 | OXNARD::HAYNES | Charles Haynes | Thu Dec 27 1990 15:40 | 6 | |
Quick answer - any stock transaction of less than 100 shares is called an "odd lot" and is charged a premium. I have no idea how much this premium is, but it is often significant. I don't know if odd amounts over a multiple of 100 shares are charged the odd lot premium or not. -- Charles | |||||
| 600.4 | pointers | LEZAH::BOBBITT | trial by stone | Thu Dec 27 1990 16:02 | 11 |
see also:
INVESTING (thanks for putting the location in)
229 - first investment
285 - need help getting started!
618 - first time investor
969 - financial planner for a starter
1017 - beginner stock questions
-Jody
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| 600.5 | Charles Schwab | MRKTNG::BURROUGHS | Thu Dec 27 1990 17:17 | 4 | |
Call Charles Schwab (800-435-4000) and ask for their fees schedule.
They explain, in a lot of detail, all the fees and the rationale.
Al
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